The Society says the new consumer guide will provide apartment owners with an overview of the important regulations contained in the Act and explains its practical requirements, in a user-friendly format.
The guide answers some key questions about the Multi-Unit Development Act including:
What is an Owners’ Management Company (OMC) and what are its rights and responsibilities
The transfer of the common areas of a development from the developer to the OMC
Obligations on the developer to complete the development
New requirements for Fire Safety
New measures to resolve Disputes
New Service Charge Budget arrangements
New and fairer Voting rights
New conditions
Siobhan O’Dwyer, Chair of the Property and Facilities Management Professional Group of the Society of Chartered Surveyors Ireland said “This guide sets out the key provisions of the legislation which will enhance consumer protection for apartment owners.
“It includes the new conditions and obligations on developers, dispute resolution measures and the rights and responsibilities of Owners’ Management Companies and Directors which directly affects the common areas of the development and consequently, the value of the properties in the development”.
“In light of recent events in Multi Unit Developments such as Priory Hall, it is essential that apartment owners are aware of their rights and responsibilities from the day of purchase.
“We would encourage apartment owners, landlords and tenants living in a Multi Unit Development to download the free consumer guide available on the Society of Chartered Surveyors Ireland website www.scsi.ie.
Patricia Power, who is a Quantity Surveyor and who features on RTE’s very popular programme, Room to Improve, also attended the launch.
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